Global Luxury Furniture Market 2014-2020 - Low product differentiation lowers the bargaining power of suppliers

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Sep 16, 2015, 08:10 ET

DUBLIN, Sept. 16, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/3bbvts/global_luxury) has announced the addition of the "Global Luxury Furniture Market (Material, End-Use and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020" report to their offering.

The global luxury furniture market is expected to reach $27.01 billion by 2020, registering a CAGR of 4.1% during 2015 - 2020.

Asia Pacific would witness the fastest growth, owing to the rise in disposable incomes. Wooden luxury furniture has gained substantial demand worldwide, followed by metal. The high acceptance of wooden furniture is primarily due to durability and the modern yet antique look,

The luxury furniture market is highly fragmented with a large presence of family run domestic companies. However, this does not limit the market reach of the companies as online portals are extensively used as a platform for sales. The strategic tie ups between the market participants and the interior designers have broaden the scope of this market and help in creating product awareness among the end users. Luxury furniture also reflects the social status of individuals; a trend that also boosts the growth of the luxury furniture market.

Presently, Europe is the largest market for luxury furniture followed by North America. The market in the Asia Pacific holds a great potential with lucrative prospects in the domestic market. A rise in disposable incomes, in the recent years, majorly contributes to the growth of the APAC market. The LAMEA region would also follow suit owing to the high demand for luxury furniture in its hospitality sector.

Domestic manufacturers in the luxury furniture market such as Laura Ashley, Scavolini, Giovanni Visentin and Muebles Pico largely focus on manufacturing stylish luxury furniture products with high quality raw materials.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Global Luxury Furniture Market By Material

Chapter 5 Global Luxury Furniture Market By End Use

Chapter 6 Global Luxury Furniture Market By Geography

Chapter 7 Company Profiles

- Duresta Upholstery Ltd.
- Muebles Pico
- Valderamobili
- Giovanni Visentin
- Scavolini
- Laura Ashley
- Iola Furniture Ltd.
- Nella Vetrina
- Henredon Furniture Industries Inc.
- Turri S.r.l.

For more information visit http://www.researchandmarkets.com/research/3bbvts/global_luxury